Can anyone speculate as to why the regional arm can't potentially be considered profitable in its own right to justify its purchase?
Rex management cocked it up by neglecting it during their grand plans for the 737 op, but prior to that Rex was profitable in its own right for virtually its entire existence as a regional only operator.
Sure the Saabs are old and many are not in serviceable condition (thanks again to management) but is there a reason why a new owner of Rex wouldn't be able to bring the operation back to what it once was and continue to operate the ageing aircraft (because while they are old, they are cheap and relatively reliable when looked after)?